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Dec 7, 2012
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new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the improving housing market is turning into a wealth builder for americans. according to the federal reserve, financial wealth in american households grew to $64 trillion, up $1.7 trillion during the 3rd quarter. here's how that happened: the value of real estate rose $300 billion, while stocks climbed $520 billion. economists have said an increase in wealth translates into consumer spending. the report from the fed also shows americans cut debt by 2% last quarter. space exploration technologies, better known as space x, has landed a big - and much desired - new customer this week: the u.s. air force. the privately- held space exploration company already has a $1.6 billion contract with nasa. this new venture allows it to demonstrate the dependability of its falcon rockets. the deal is part of a special set-aside program that will help companies such as space-x compete ag
new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the improving housing market is turning into a wealth builder for americans. according to the federal reserve, financial wealth in american households grew to $64 trillion, up $1.7 trillion during the 3rd quarter. here's how that happened: the value of real estate rose $300 billion,...
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Dec 17, 2012
12/12
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and new york city. the real-estate broker trick of baking apples with cinnamon to help sell a house may be outdated. simply put, simple scents work best, and apparently that goes for any selling environment. the business school at washington state university found the subtle scent of orange by itself increased sales 20% in stores. but when mixed in a complex blend of basil and green tea, researchers say it becomes a distraction for shoppers, trying to figure it all out. the same goes for lemon, pine and cinnamon. as with many things, keep it simple. coming up, what ski resort operators are doing to get business drifting their way. but first, from cocaine king to a hot dog stand man. bill moller joins us next with that intriguing story. [ game announcer ] touchdown! and here comes the dunk. [ male announcer ] everyone loves to dunk. ♪ [ game announcer ] will he dunk it? yes, he will. [ male announcer ] mcdonald's tender, juicy chicken mcnuggets in creamy ranch and spicy buffalo sauce. just $4.99 for 20
and new york city. the real-estate broker trick of baking apples with cinnamon to help sell a house may be outdated. simply put, simple scents work best, and apparently that goes for any selling environment. the business school at washington state university found the subtle scent of orange by itself increased sales 20% in stores. but when mixed in a complex blend of basil and green tea, researchers say it becomes a distraction for shoppers, trying to figure it all out. the same goes for lemon,...
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Dec 4, 2012
12/12
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news corp. announced additional deatils of the split this week, including the shuttering of the daily, a tablet-only publication that has struggled to find a foothold in the marketplace. a major deal is happening in the dairy industry. in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey is about to go on a strict diet. starting today, cory booker will live on food stamps for a week - that means spending only $4 a day for all of his food. booker accepted the challenge in a twitter debate with a north carolina woman. other public officials have tried this before booker and have reported it to be a great challenge. there's no place like home
news corp. announced additional deatils of the split this week, including the shuttering of the daily, a tablet-only publication that has struggled to find a foothold in the marketplace. a major deal is happening in the dairy industry. in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy...
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Dec 5, 2012
12/12
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the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wednesday for an early look at the market. what is going on with volume? is the market in a bit of a holding pattern here? > > yeah, the market is completely in a holding pattern right now. i think what i just saw yesterday, volumes are down about 10% on the 3-month average. but let's keep in mind that all eyes are on the fiscal cliff right now. we are at the end of the year, there's a lot of performance anxiety going on right now. so people are either locking in profits or not initiating new trades. > what is driving down the dollar? > > right now what is driving down the dollar is a lack of confidence in the united states government. that's plain and simple right now. are we going to lose our safehaven status? i doubt it right now. but in the short term, people are worried that this thing is not going to get figured out, and taking their money elsewhere. > what are some of the best sectors and the worst sectors you see? >
the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wednesday for an early look at the market. what is going on with volume? is the market in a bit of a holding pattern here? > > yeah, the market is completely in a holding pattern right now. i think what i just saw yesterday, volumes are down about 10% on the 3-month average. but let's keep in mind that all eyes are on...
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Dec 13, 2012
12/12
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will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. an
will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben...
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Dec 10, 2012
12/12
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"it's because new trees and new areas are coming on." falling futures aren't great for investors, but may have coffee consumers buzzing. "if it's premium coffee, i'll buy a pound of it." "the average cup of coffee will be cheaper in the grocery. whether independent coffee shops drop their prices from $5.00 to $4.50 for a latte, i can't predict that." "the folgers, hills brothers will get extremely competitive. if there's an advantage to being cheaper, they certainly will take it." but at starbucks, the world's largest coffee chain, a spokesman said there's been no company statement released about the brazilian crop and added: "coffee commodity prices are only one component in the equation." the chain is expanding. it plans to open 2400 starbucks in china and the u.s. within two years. "overall, there's going to be coffee available. that'll help you on pricing, so it might be a good time to be expanding." starbucks' expansion plans aren't only meared number of shops. in the last 12 months, its acquired juice company evolution fresh, baker
"it's because new trees and new areas are coming on." falling futures aren't great for investors, but may have coffee consumers buzzing. "if it's premium coffee, i'll buy a pound of it." "the average cup of coffee will be cheaper in the grocery. whether independent coffee shops drop their prices from $5.00 to $4.50 for a latte, i can't predict that." "the folgers, hills brothers will get extremely competitive. if there's an advantage to being cheaper, they...
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Dec 21, 2012
12/12
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a new bump in the road for toyota. two different 2013 models, the flagship camry sedan and the prius v wagon, failed an important crash test adminstered by the insurance institute for highway safety. it's one more setback for the car giant in a year that has seen it pay out record fines for safety violations. toyota has recalled more than 14 million vehicles over the last several years due to safety concerns. the mayan calendar prediciton that today could be the end of the world as we know it is causing a spike in business. companies are seeing strong sales of survival packs that include a gas mask, duct tape, matches and ready-to-eat meals. generators are another hot seller. tgi friday's is said to be offering mayan margaritas at a discount. still to come, the government is driving away from gm. what that means for buying auto stocks - that's later in traders unplugged. but first, why "sexy stocks" might be losing their allure with investors. that's next. when it comes to stock picking, you might want to consider this
a new bump in the road for toyota. two different 2013 models, the flagship camry sedan and the prius v wagon, failed an important crash test adminstered by the insurance institute for highway safety. it's one more setback for the car giant in a year that has seen it pay out record fines for safety violations. toyota has recalled more than 14 million vehicles over the last several years due to safety concerns. the mayan calendar prediciton that today could be the end of the world as we know it...
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Dec 31, 2012
12/12
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the good news is, there are steps you can take to improve your symptoms. i'm danica patrick, and i drive4copd. take action today to breathe better tomorrow. join the movement at drive4copd.com. take our screening questionnaire today, and talk to your doctor. you've got the perfect idea - you just need an investor. the government figures there are around 250,000 angel investors out there, all looking for people - maybe like you - with good ideas. they want to write checks and bring your idea to life. you have one, you really believe in it. so what do you need to do to get an angel investor to actually invest? let's talk with janet tavakoli, she's an investment risk analyst, and you're also the president of tavakoli structured finance. most people who knock on your door, do they end up blowing it when they pitch you? > > they do bill, because they walk in unprepared. they may have a product, they may have an idea, but they haven't yet gotten the patent. they don't have a business plan. they don't know who their competitors are. they don't know who their targ
the good news is, there are steps you can take to improve your symptoms. i'm danica patrick, and i drive4copd. take action today to breathe better tomorrow. join the movement at drive4copd.com. take our screening questionnaire today, and talk to your doctor. you've got the perfect idea - you just need an investor. the government figures there are around 250,000 angel investors out there, all looking for people - maybe like you - with good ideas. they want to write checks and bring your idea to...
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Dec 27, 2012
12/12
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york and new jersey. > i was reading about that. the mid-atlantic and northeast account for 24% of all retail sales in the u.s. that is a huge chunk of sales. > > absolutely huge, and that is going to put a big impact on sales. if you are spending your money getting your house fixed up and waiting for the insurance company to pay you back, that is absolutely going to affect retail sales. > i was looking at some of the companies out there: urban outfitters, tiffany's, macy's, wal-mart, target, all down. did they not see this coming? were they too optimistic? > > i think the fiscal cliff made a much bigger difference than people realize. if the average consumer is looking at somewhere between a $500 and $2500 increase in taxes next year, it is going to change their behavior, just like it changed company behaviors when you saw them accelerate their dividends. so, when the government goes and changes behavior, it is going to affect things like retail sales. > quickly mark, the oil market. how is it being affected? > > we saw a kind of t
york and new jersey. > i was reading about that. the mid-atlantic and northeast account for 24% of all retail sales in the u.s. that is a huge chunk of sales. > > absolutely huge, and that is going to put a big impact on sales. if you are spending your money getting your house fixed up and waiting for the insurance company to pay you back, that is absolutely going to affect retail sales. > i was looking at some of the companies out there: urban outfitters, tiffany's, macy's,...
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Dec 24, 2012
12/12
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reporting for first business news, i'm paul eggers. moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive drought that hit the midwest and some northern states. weeks without rain sent corn and soybean prices sky-high. it was estimated that the drought was the worst in nearly a quarter of a century. 2012 was not without its controvesies. trading scandals rocked the news, highlighted by jpmorgan chase. the big bank lost more than $2 billion in what was called "a trading
reporting for first business news, i'm paul eggers. moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the...
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Dec 18, 2012
12/12
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pepsico hopes a new sweetener will add new life to diet pepsi. the company has quietly been changing the blend of artificial sweeteners it uses. pepsico claims a different sweetener doesn't mean a different taste. the change comes in the wake of pepsi losing market share to coke in recent years and just ahead of a major rebranding effort for diet pepsi. the merger of united and continental airlines gets a major boost as pilots okay a joint union contract. flying under one contract will eliminate one of the last sticking points of the 2010 merger, blending two different sets of work rules and pay scales. pilots will receive raises averaging 43.2%, and they've agreed to the use of larger regional jets. this new contract runs through the end of 2016. still to come, changing tastes: how one company conquered the yogurt industry. that story later. but first, a look at the books. what business owners need to know about planning for end-of- the-year finances. that's next. the old boy scout motto "be prepared" applies to an awful lot of things, and that
pepsico hopes a new sweetener will add new life to diet pepsi. the company has quietly been changing the blend of artificial sweeteners it uses. pepsico claims a different sweetener doesn't mean a different taste. the change comes in the wake of pepsi losing market share to coke in recent years and just ahead of a major rebranding effort for diet pepsi. the merger of united and continental airlines gets a major boost as pilots okay a joint union contract. flying under one contract will...
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Dec 11, 2012
12/12
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it's all ahead on the ktvu channel 2 morning news. this is ktvu channel 2 morning news. >>> and good morning, it is december 11th, i am brian flores. it is almost 4:30 let's check in with steve. how is the day looking so far? >> i know it is dark. >> we have a little bit of a change here not only inland but
it's all ahead on the ktvu channel 2 morning news. this is ktvu channel 2 morning news. >>> and good morning, it is december 11th, i am brian flores. it is almost 4:30 let's check in with steve. how is the day looking so far? >> i know it is dark. >> we have a little bit of a change here not only inland but
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Dec 25, 2012
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studios are cranking out new films for the holidays. this year three will open at the box office on christmas day. our movie man, erik childress, joins us now with a look at some of the films that will be playing at a theater near you. good to have you on the show. > > thank you. > > do the studios wait and save the best for last? > > i don't think they necessarily save the best for last. we've had movies coming out ever since the beginning of november, stuff like the james bond film, "twilight," "the hobbit" comes out before christmas. so i don't think they hold the best for last, but it is sort of their last chance to close up the books, get some space out from some of those other big blockbusters. we have had films that are even jettisoned from christmas. "the great gatsby," the remake with leonardo dicaprio, was supposed to open on christmas, and the studio thought better of it and moved it back to may. > > how critical are those box office numbers at christmastime for the studios? > > like i said, it is sort of that last-ditch effo
studios are cranking out new films for the holidays. this year three will open at the box office on christmas day. our movie man, erik childress, joins us now with a look at some of the films that will be playing at a theater near you. good to have you on the show. > > thank you. > > do the studios wait and save the best for last? > > i don't think they necessarily save the best for last. we've had movies coming out ever since the beginning of november, stuff like the james...
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Dec 3, 2012
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so what's in store for the new year? david henkes is a vice president at technomic - the top foodservice research & consulting firm. i guess you would have liked to have gone out and done some of the field work yourself but you didn't you're a researcher. well unfortunately i get the desk job and we have other people that go into restaurants for us. i noticed looking at the list---you cover a lot of areas---that health trends are very important. in fact, vegetables will be giving meat a lot of sizzling competition. we've seen a lot ore vegetables appear on a menu. part of it is driven by people going from vegetarian to what we call flexatarian. people that are vegetarians at times and other times having meat. but we're seeing a lot more people that are interested in vegetable menu. so restaurants are adding more things like carrots, kale, brussels sprouts to the menu. part of it is driven by the fact that protein is getting more expensive and so restaurants are naturally adding more vegetables from a cost perspective. br
so what's in store for the new year? david henkes is a vice president at technomic - the top foodservice research & consulting firm. i guess you would have liked to have gone out and done some of the field work yourself but you didn't you're a researcher. well unfortunately i get the desk job and we have other people that go into restaurants for us. i noticed looking at the list---you cover a lot of areas---that health trends are very important. in fact, vegetables will be giving meat a lot...
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Dec 28, 2012
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ford says it'll create 2300 new jobs and may lead to a goal adding 12,000 new jobs across michigan by 2015. the star of the hit tv series "grey's anatomy" is attempting to buy a coffee chain. patrick dempsey, better known as mcdreamy on "grey's," is said to be bidding on tully's coffee shop, which filed for chapter 11 banruptcy back in october due to a cash flow issue. it goes up for auction next week. tully's started up in 1992 in seattle and has multiple stores in washington and california along with nearly licensed locations across the country. the actor says he's stepping up to buy the chain to save jobs in the seattle area. five infant deaths have caused major retailers to recall a popular infant recliner. 150,000 "nap nanny" recliners are being recalled. a report says the product poses a substantial risk of injury and death to infants. amazon, toys- r-us and babies-r-us are recalling the item. the manufacturer, baby matters, said the company is "standing by its product 100%." toyota will pay $1.1 billion to settle dozens of cases related to sudden acceleration. but it's not the
ford says it'll create 2300 new jobs and may lead to a goal adding 12,000 new jobs across michigan by 2015. the star of the hit tv series "grey's anatomy" is attempting to buy a coffee chain. patrick dempsey, better known as mcdreamy on "grey's," is said to be bidding on tully's coffee shop, which filed for chapter 11 banruptcy back in october due to a cash flow issue. it goes up for auction next week. tully's started up in 1992 in seattle and has multiple stores in...
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Dec 26, 2012
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but what people have done is they haven't added new debt. what has happened is a lot of debt has been taken away from them through kind of involuntary measures, through foreclosures. but slowly but surely, people have less debt. they are also very cautious though - and this is a good thing - about running up new credit card debt. we see people using credit cards much more reluctantly than in the past. > gail marks jarvis, thanks for the preview of 2013. > > thank you. we're going to take a look at the biggest corporate flubs of 2012, coming up next. apple, walmart and big banks around the world all made this year's list of the 2012 worst reputation falls. daniel diermeier, professor at the kellogg school of management, joins us now with insights, and you call this a banner year. > > thank you very much for having me again. this is indeed a banner year. we have had a lot of companies that got into trouble. when we just look at the global financial services industry, there would have been five or six companies that could have made the list jus
but what people have done is they haven't added new debt. what has happened is a lot of debt has been taken away from them through kind of involuntary measures, through foreclosures. but slowly but surely, people have less debt. they are also very cautious though - and this is a good thing - about running up new credit card debt. we see people using credit cards much more reluctantly than in the past. > gail marks jarvis, thanks for the preview of 2013. > > thank you. we're going to...
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Dec 20, 2012
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this is really good news. we've covered this stock beforeand really the big fear with this company was always that you know that there's a seller out there and not only is there a seller but there's somebody who's got a lot of it and they have to sell it so that was always a big fear there. > > would you buy this stock at the current levels? after the ipo we briefly touched $40. we've never seen $40 again in recent history. would you buy the stock? > > i think if you're looking to play a rebounding u.s. economy and a rebounding u.s. car industry then yes you would buy it. it looks much better now than any other time in the past that we've talked about it. just knowing that the government is going to sell their shares out, that there's a possibility that fund managers will get big institutional investors. and we've also had about 3 years of 10% plus growth and things are looking up for this company. so the stock looks cheaper on paper now, looks like things are moving in the right direction. we've removed this
this is really good news. we've covered this stock beforeand really the big fear with this company was always that you know that there's a seller out there and not only is there a seller but there's somebody who's got a lot of it and they have to sell it so that was always a big fear there. > > would you buy this stock at the current levels? after the ipo we briefly touched $40. we've never seen $40 again in recent history. would you buy the stock? > > i think if you're looking to...
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Dec 19, 2012
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according to bloomberg news.. the obama administration is said to be considering kenneth chenault -- the ceo of american express-- for a cabinet post... possibly treasury secretary. also, the adminstration is said to be batting around the name ursala burns- who runs xerox as a possible candidate for commerce secretary. president obama said earlier he is interested in having top business leaders in his cabinet. coal consumption is climbing around the world. the international energy agency-- better known as as the i-e-a predicts demand for coal could come close to outpacing oil in the next few years. global demand for coal is expected to bump up by 2.6% per year through 2017. strong demand is expected in china and india in the next 5 years. while the surge in coal exported from the u.s. to europe-- should peak soon. toyota confirms it will have to pay a record $17.35 million fine. it's being levied against the car giant because it delayed recalling nearly 150,000 lexus rx models due to unintended acceleration proble
according to bloomberg news.. the obama administration is said to be considering kenneth chenault -- the ceo of american express-- for a cabinet post... possibly treasury secretary. also, the adminstration is said to be batting around the name ursala burns- who runs xerox as a possible candidate for commerce secretary. president obama said earlier he is interested in having top business leaders in his cabinet. coal consumption is climbing around the world. the international energy agency--...
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Dec 6, 2012
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a new 787 dreamliner made a safe emergency landing tuesday in new orleans. the unexpected landing was caused by a mechanical issue that turned up on the flight shortly after departure from houston. the faa is ordering checks on fuel line connections on all 787s. poor connections could cause fuel loss, engine shutdowns, or fires. the city of lights is hitting the dimmer switch. this week, officials in paris proposed a plan for shops and public buildings to turn off lights at night to cut costs and save energy. already, museums, churches and the eiffel tower go dark for the night. not everyone is saying "oui." some are concerned the plan will be a turn-off for tourists. however, the french government hopes the ban extends nationwide. now that there's a baby on the way for the duke and duchess of cambridge, entrepreneurs are popping up with money-making ideas. similar to what happened in the days leading up to royal wedding, the expected bundle of joy is causing a stir in the financial world, including wagers on baby names and whether multiple babies will be bo
a new 787 dreamliner made a safe emergency landing tuesday in new orleans. the unexpected landing was caused by a mechanical issue that turned up on the flight shortly after departure from houston. the faa is ordering checks on fuel line connections on all 787s. poor connections could cause fuel loss, engine shutdowns, or fires. the city of lights is hitting the dimmer switch. this week, officials in paris proposed a plan for shops and public buildings to turn off lights at night to cut costs...
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Dec 14, 2012
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more negative news for boeing's 787 dreamliner. yesterday, electrical problems forced an emergency landing of a dreamliner on a qatar airlines flight. the airline's ceo said he was "disappointed" with the problems. the u.k. president of boeing responded to that by saying the company "understands his frustration" and that boeing is working hard to mitigate the problems. it followed other dreamliner news this week from the federal aviation administration of possible fuel line errors in the plane. 2012 is turning into a safe year to fly. the international air transport association is calling this the safest year on record. not one jet among the world's 240 leading airlines has crashed this year. when the monks of westvleteren abbey in belgium needed a new roof, they decided to sell for the first time ever outside belgium the beer they brew at the abbey. in our cover story, demand has answered their prayers, and those of beer lovers around the world. the devout showed up until they ran out - fans of a belgian beer highly-rated by conno
more negative news for boeing's 787 dreamliner. yesterday, electrical problems forced an emergency landing of a dreamliner on a qatar airlines flight. the airline's ceo said he was "disappointed" with the problems. the u.k. president of boeing responded to that by saying the company "understands his frustration" and that boeing is working hard to mitigate the problems. it followed other dreamliner news this week from the federal aviation administration of possible fuel line...